Media release
St. Gallen, 5 April 2023
 

Helvetia Insurance is acquiring Mobile Garantie Deutschland GmbH. The company specializes in innovative guarantee and repair cost insurance for vehicles and electronics and already works with Helvetia. 

Helvetia Insurance is acquiring Hanover-based Mobile Garantie Deutschland GmbH. Mobile Garantie is a provider of tailored insurance solutions and services for supplemental vehicle insurance, namely warranty extension and breakdown insurance in Germany, Austria and the Netherlands. Customers – such as car dealerships and automotive manufacturers – benefit from fast, straightforward claims handling and settlement with Mobile Garantie. Helvetia Insurance has been working with Mobile Garantie since 2018 and is the underwriter for large parts of Mobile Garantie's business in Europe. Helvetia has held an investment in Mobile Garantie through its Venture Fund since July 2019. Helvetia's Swiss non-life business will fully acquire Mobile Garantie. 

Accessing new customers 
Through this transaction, Helvetia is strengthening its embedded insurance business (B2B2C) in Germany, Austria and Switzerland and gaining access to new customers, as set out in the helvetia 20.25 strategy. "By acquiring Mobile Garantie, we are creating a basis for further profitable growth in embedded insurance. The seamless integration of insurances at the point of sale and thus having a presence everywhere there is a need for insurance is in line with Helvetia's strategic ambitions. In this way, Helvetia is setting benchmarks in customer convenience and systematically tapping new business areas on an ongoing basis", says Adrian Kollegger, Head Non-Life Switzerland and Member of Executive Management Switzerland. 

"We are delighted that the acquisition by Helvetia secures the existence and strong further development of Mobile Garantie from both a strategic and financial perspective. This also creates considerable security for employees and for the location", add Rainer Doerr and Marco Nagtegaal, Managing Directors and Owners of Mobile Garantie. Both will continue in their current roles at Mobile Garantie. 

About the Helvetia Group
Helvetia Group, with its headquarters in St. Gallen, has grown since 1858 to become a successful insurance group with over 12,000 employees and more than 7 million customers. It has been enabling its customers to seize opportunities and minimise risks for all that time – Helvetia is there for them when it matters. Helvetia is the best partner and is present everywhere that protection needs arise, with insurance, pension and investment solutions from a single source as well as simple products and processes. The insurance group knows the business, from mobile phone insurance and insurance cover for the Gotthard Base Tunnel to the longterm investment of customer assets. Helvetia develops and opens up new business models with enthusiasm and drives forward its own business in a powerful and future-oriented manner. It acts with foresight and responsibility in everything it does: for the benefit of its shareholders, customers and employees as well as its partners, society and the environment.
Helvetia is the leading allnlines insurer in Switzerland. In the Europe segment comprising Germany, Italy, Austria and Spain, the company has firmly rooted market positions for generating above average growth. In the Specialty Markets segment, Helvetia offers tailored special insurance and reinsurance cover worldwide. With a business volume of CHF 11.1 billion, Helvetia generated IFRS net income after tax of CHF 614.4 million in the 2022 financial year. The shares of Helvetia Holding AG are traded on SIX Swiss Exchange.

Cautionary note
This document was prepared by Helvetia Group and may not be copied, altered, offered, sold or otherwise distributed to any other person by any recipient without the consent of Helvetia Group. The German version of this document is decisive and binding. Versions of the document in other languages are made available purely for information purposes. Although all reasonable effort has been made to ensure that the facts stated herein are correct and the opinions contained herein are fair and reasonable, where any information and statistics are quoted from any external source such information or statistics should not be interpreted as having been adopted or endorsed as accurate by Helvetia Group. Neither Helvetia Group nor any of its directors, officers, employees and advisors nor any other person shall have any liability whatsoever for loss howsoever arising, directly or indirectly, from any use of this information. The facts and information contained in this document are as up to date as is reasonably possible but may be subject to revision in the future. Neither Helvetia Group nor any of its directors, officers, employees or advisors nor any other person makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this document.
This document may contain projections or other forward-looking statements related to Helvetia Group which by their very nature involve inherent risks and uncertainties, both general and specific, and there is a risk that predictions, forecasts, projections and other outcomes described or implied in forward-looking statements will not be achieved. We caution you that a number of important factors could cause results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include: (1) changes in general economic conditions, in particular in the markets in which we operate; (2) the performance of financial markets; (3) changes in interest rates; (4) changes in currency exchange rates; (5) changes in laws and regulations, including accounting policies or practices; (6) risks associated with implementing our business strategies; (7) the frequency, magnitude and general development of insured events; (8) mortality and morbidity rates; (9) policy renewal and lapse rates as well as (10), the realisation of economies of scale as well as synergies. We caution you that the foregoing list of important factors is not exhaustive; when evaluating forward-looking statements, you should carefully consider the foregoing factors and other uncertainties. All forward-looking statements are based on information available to Helvetia Group on the date of its publication and Helvetia Group assumes no obligation to update such statements unless otherwise required by applicable law.